ACHUTHAN: THIS IS A DEAD CAT BOUNCE

Lakshman Achuthan was on CNBC yesterday to discuss the outlook for the economy.  The head Economist of the ECRI predicted the slow-down that the economy is currently undergoing, but maintains that the recent uptick in data is a “dead cat bounce”.  Achuthan says this global industrial slow-down will be sustained and is likely just beginning.  He says:

“There’s some false hope that there is a rebound here in the economy or in global industrial sectors in the second half….The global industrial slowdown is going to be present through year-end,”

Achuthan says the long leading indicators are pointing to persistent slow-down and that the recent uptick in PMI’s (short leading indicators) will prove temporary:

Source: CNBC

 

-------------------------------------------------------------------------------------------------------------------

Got a comment or question about this post? Send me a message on Twitter or send me an email here and I'll get back to you shortly.

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

More Posts - Website

Follow Me:
TwitterLinkedIn